US Dollar Index Analysis 23/12/14

Long term trend: Up
Medium term trend: Up
Significant Levels: 11372 (Horizontal Support), Uptrend

This index has been in a smooth uptrend. The US Dollar is really strong right now. You can look at the Monthly Chart and you will see that the recent bars are all bullish . USD must be bought against weak currencies, no doubt about that. The Dec-17 bar is a large bullish one which is also a sign that the bulls are in control of this market.

The bottom line here is that USD is strong right now and there is no way that we're going to sell this currency. Trade well.